Ford said it will have cut 12,000 jobs in Europe by the end of next year to try ...
FILE PHOTO: A view of the Ford engine plant at Bridgend, Wales, Britain June 6, 2019. REUTERS/Rebecca Naden/File Photo
The challenge of investing in electric, hybrid and autonomous vehicles while having to overhaul combustion engines to meet new clean-air rules, has forced Europe’s carmakers to slash fixed costs and streamline their model portfolios. “We have largely concluded consultations with social partners regarding restructuring actions,” Stuart Rowley, president, Ford of Europe told Reuters.
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